The site was approved for 27 du/ac, 3 stories and 192 units.
Johnson Bank was the seller in this transaction and foreclosed on the subject property in 2013. During the bank’s ownership the site was rezoned in Chandler from industrial to multi-family.
Atlantic Development purchased the site for $1.5 million ($214,258/acre or $7,812/door), and is considering building the approved product.
The transaction was negotiated by City to City Commercial – Kent Baker/Jeff Dinsdale.